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The top performing stock market of 2009
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Monday, January 04, 2010
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From 24/7 Wall Street:

The stock market of Sri Lanka, birthplace of Galleon hedge fund founder and alleged inside trader Raj Rajaratnam, posted the best return of any national index in the world. Its CSE of the Colombo Stock Exchange yielded a 125% increase in 2009.

Sri Lanka bested the return of the Shanghai-based SSE Composite Index, the proxy for the largest publicly traded companies in China. The SSE rose almost 80% for the year, driven by the rapid recovery from the recession by the People’s Republic and a balloon in the overall equities market drive by a rush of liquidity from the government’s $585 billion stimulus package. Hong Kong’s Hang Seng Index rose over 50%.

Equities traded in the other huge emerging economy in the Asian basis...

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Topics: Emerging Markets | Stocks
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